Question 6: (4 points) You make a one-off initial investment of $7,000 in a bank account that pays 5% interest per year, with interest compounded 6 times per year. What is the value of the investment after 3 years to the nearest cent? Value after 3 years = $_ (to the nearest cent). How long will it take for the value of the investment to double (in years)? (in years, to 2 decimal places). Duration for value of investment to double = Now assume that it is possible for the interest to compound continuously. What would the value of the investment be after 3 years under the assumption of continuous compounding (to the nearest cent)? (to the nearest cent). Value after 3 years, assuming continuous compounding = $ How long will it take for the value of the investment to double, assuming continuous compounding of interest? (in years, to 2 decimal places). Duration for value of investment to double under continuous compounding =